As it restructures its operations, automaker Nissan says it is amenable to sharing manufacturing with its Chinese state-owned partner, Dongfeng, worldwide. According to the BBC, the Japanese company, which has hundreds of employees in the UK, might introduce Dongfeng “into the Nissan production ecosystem\u00a0globally.”<\/p>\n
The faltering business said this week that it will close seven plants and lay off 11,000 employees, although it did not specify where the layoffs would be.<\/p>\n
At a Financial Times-hosted conference on Thursday, Nissan’s CEO Ivan Espinosa discussed the company’s UK facility, saying: “We have announced that we are introducing new automobiles in Sunderland… There are no plans to go around Sunderland soon.<\/p>\n
Nissan’s recent layoffs followed 9,000 layoffs that were announced in November due to the company’s poor sales in important area,s including China and the US. 15% of its employees will be let go as part of a cost-cutting measure that it claims will slash its worldwide output by 5%. Due to fierce competition that has caused costs to drop, Nissan’s brands have had difficulty breaking into China, the largest automobile market in the world.<\/p>\n
For more than two decades, it has collaborated with Beijing-controlled Dongfeng, and the two companies now manufacture automobiles jointly in Wuhan, China. Nissan has over 133,500 employees worldwide, including roughly 6,000 in Sunderland.<\/p>\n
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